Token

Adidas

Drops

<p>The Doodles NFT collection has seen a dramatic 62.5% price increase in the last 24 hours, with prices now reaching 6.97 ETH. This sudden rise was sparked by a recent post from the collection’s founder, Scott Martin, also known as Burnt Toast. But what exactly triggered the excitement?</p>   
<h2 class="wp-block-heading" id="h-what-s-coming">What's Coming? </h2>   
<p>Burnt Toast recently shared a thought-provoking message on X for the Doodles community: <em>“Take ownership, keep evolving new ideas, shape communities, open minds, inspire new growth.”</em> At first glance, it seemed like a simple motivational statement. </p>   
<p>However, clever community members quickly decoded the first letters of each word to reveal the message: <em>“token is coming.”</em> This sparked speculation that Doodles may be planning to launch its own token.</p>   
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
   https://twitter.com/burnttoast/status/1869803577117655357 
 </div>
</figure>   
<h2 class="wp-block-heading" id="h-doodles-takes-the-lead">Doodles Takes the Lead</h2>   
<p>In just 24 hours, Doodles has outperformed all of the top five NFT collections. With its impressive 62.5% price surge, it has climbed to sixth place in the list of the top ten NFT collections by market cap.</p>   
<p>Currently, Doodles has a market cap of 69,686 ETH, worth around $228.7 million. Its 24-hour trading volume is 4,930 ETH (approximately $16.2 million), with 741 sales recorded in the last day. Over the past 30 days, Doodles has experienced a significant 196.5% growth.</p>   
<figure class="wp-block-image size-large">
 <img src="https://image.coinpedia.org/wp-content/uploads/2024/12/20163851/Market-Reaction-to-Doodles-Token-Speculation-1024x576.webp" alt="" class="wp-image-395547">
</figure>   
<h2 class="wp-block-heading" id="h-partnerships-you-should-know">Partnerships You Should Know</h2>   
<p>A key driver behind Doodles’ success is its strategic partnerships with major brands. Most recently, the collection partnered with McDonald’s to feature its artwork on over 100 million limited-edition holiday cups. This partnership has greatly increased Doodles’ visibility, as the cups are now available at McDonald’s locations across the United States.</p>   [post_titles_links postid="395430"]   
<p>But McDonald’s is just one of several top brands Doodles has collaborated with. Previous partnerships with Adidas and Crocs have included exclusive apparel, toys, and online digital experiences, helping to further elevate the collection’s profile.</p>   
<h2 class="wp-block-heading" id="h-broader-nft-trends-in-token-launches-nbsp">Broader NFT Trends in Token Launches&nbsp;</h2>   
<figure class="wp-block-image size-large">
 <img src="https://image.coinpedia.org/wp-content/uploads/2024/12/20163906/Broader-NFT-Trends-in-Token-Launches-1024x576.webp" alt="" class="wp-image-395551">
</figure>   
<p>While Doodles is experiencing a surge, other NFT projects like Pudgy Penguins are facing more volatile market movements. <a href="https://coinpedia.org/news/pudgy-penguins-launches-pengu-on-solana-with-88-day-claim-period-price-soars-over-800/" target="_blank" rel="noreferrer noopener">Pudgy Penguins</a> recently launched its token, PENGU, which initially caused a stir, pushing its price to 34.80 ETH. However, the excitement quickly faded, and the token has since dropped 37.4% over the past week, with a 10.1% decline in the last 24 hours alone.</p>   [article_inside_subscriber_shortcode title="Never Miss a Beat in the Crypto World!" description="Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more." category_name="News" category_id="6"]   
<p>Looking ahead, Doodles’ potential token launch could be a significant step forward for the collection. With strong partnerships and growing market momentum, Doodles is well-positioned for continued success in the NFT space.</p>

Doodles NFT Price Explodes 62.5% on Token Launch Rumor: What’s the Truth?

Table of Contents

CoinPedia News

Other articles published on Dec 20, 2024

Bitcoin Price Falls 13% Below Record High Amid Market Uncertainty

Grayscale Launches Sui Trust for Institutional Investors

Solana whale sbfonchain.sol is back to buying the hottest meme tokens

Dogecoin (DOGE) Loses 40% From Top: What's Next?

5 Best Altcoins to Join in December 2024 Promising High Returns and Next-Level Innovations

Hedera Soars While Stacks Gains Traction and Qubetics Surges with 363M TICS Sold – Explore the Be...

Join our free newsletter for daily crypto updates!